AIA Group 1299

Re: AIA Group 1299

Postby winston » Fri May 15, 2020 11:03 am

not vested

Asia-focused insurer AIA Group reported a 27 per cent drop in quarterly new business value on Friday for the first time since listing in Hong Kong in 2010, hit by disruptions caused by the Covid-19 pandemic in its main markets.

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118535
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Sat May 16, 2020 7:49 am

not vested

AIA new business value shrinks by 27pc to US$841m

Shares of AIA (1299) climbed by 1.64 percent to HK$68.25 today despite reporting that new business value, in constant exchange rates, shrank by 27 percent from a year ago to US$841 million (HK$6.56 billion) during the first quarter this year, worse than expected.

The insurer emphasized that the value of new business in mainland China had recovered strongly in March.

Annualized new premiums fell by 18 percent year-on-year, while the value of new business margin dropped by 6.9 percentage points to 56.6 percent for the first quarter.

AIA's total weighted premium income grew by 8 percent from a year earlier to around US$8.8 billion.

Chief executive Ng Keng-hooi said measures to contain the coronavirus pandemic had the most significant impact on the company's businesses in Hong Kong and mainland China during the first quarter.

In aggregate, AIA's businesses outside the two markets saw strong new business value growth before incremental movement restrictions began to slow momentum in March, he said.

However, the company recorded a double-digit increase in new agency recruits during the first quarter, supported by its new online capabilities in recruitment and training, said Ng.

Source: The Standard

https://www.thestandard.com.hk/breaking ... to-US$841m
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118535
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Mon May 25, 2020 12:57 pm

vested

<Research Report>JPM: AIA (01299.HK) Looks Oversold; Recommended Overweight with $91 TP

AIA (01299.HK)'s price slipped 9% last Friday, lagging behind HSI (down 6%), reported JPMorgan.

This reflected political instability concerning Hong Kong's business development uncertainty as offshore market, weaker onshore market sales amid political tensions, and feeber ASEAN economic activities in 2Q20.

AIA was rated at Overweight, with an unchanged target of $91.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118535
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Mon Jun 22, 2020 9:07 am

not vested

And so it begins

AIA has obtained approval to convert its China operations into a subsidiary from a branch, with this to help future expansion in its biggest market.

We had flagged this previously as a one of three near-term catalysts. Others were a GBA travel bubble and approval to enter into new regions in China.

We continue to believe that AIA could obtain regulatory approval to enter into another new region in China in 2H20F or early 1H21F, based on our analysis.

Reiterate Add. Our GGM-based TP remains at HK$80.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... A50ED657A6
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118535
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Tue Jul 21, 2020 1:15 pm

not vested

HSBC Global Research Assumes AIA (01299.HK) 1H20 NBV to Drop 30% YoY; Rated Buy

HSBC Global Research in its report assumed AIA (01299.HK) 1H20 NBV to drop 30% yearly, equivalent to 31% year-on-year fall in 2Q.

Investors were expected to focus on the strategic update from the new CEO; mainland China licence applications; and the NBV outlook etc..

The broker restated Buy on AIA at the target price $87.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118535
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Thu Aug 20, 2020 9:42 am

not vested

<Blue Chip Results>AIA (01299.HK) Interim VONB Slips 37%, Missing; Interim DPS HK35 Cents

AIA (01299.HK) announced the results for the six months ended 30 June 2020.

Value of new business fell 37% YoY to US$1.41 billion on a constant exchange rate basis, missing estimates.

According to brokers' forecasts as compiled by our reporters, AIA's 1H20 VONB may reach US$1.587 billion in median, down 30.2% YoY.

The insurer's net profit plunged 34.6% YoY to US$2.197 billion in the first half of 2020, with EPS of US0.18 cents.

Interim DPS rose 5% to HK35 cents.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118535
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Thu Aug 20, 2020 10:31 am

not vested

<Research Report>BofAS: AIA (01299.HK) Interim VNB Misses; Should Eye Long-term Growth Prospect

BofA Securities mentioned in its report that AIA (01299.HK) had delivered 1H20 VNB down by 38%, deeper than 29% as expected by the broker, given lower VNB margin which dropped by 11.1 ppts YoY to 54.4%.

The broker kept Buy on AIA at the target price $82.5, calling on investors to focus on its long-term growth prospect.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118535
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Fri Aug 21, 2020 7:57 am

vested

AIA plans to fast-track China expansion under new president, pins hopes on easing Covid-19 restrictions

Newly appointed president Lee Yuan Siong eyes more licences to expand business in China, targeting 10 to 12 provinces, from three currently

In June, its Shanghai branch won regulatory approval to be incorporated as AIA’s only wholly owned subsidiary. Group chief executive and president Lee Yuan Siong said the Shanghai subsidiary was planning to apply for more licences to expand to other provinces, including Sichuan and Henan.

The expansion plans come even as new business in China fell 13 per cent to US$594 million in the first half.

Currently, apart from Shanghai AIA also has a presence in three provinces – Jiangsu, Guangdong and Hebei, and three cities – Beijing, Tianjin and Shenzhen.

Amid the pandemic, the company said over 40 per cent of the policies in the second quarter were issued digitally through video conferencing tools and mobile signatures.


Source: SCMP

https://www.scmp.com/business/companies ... oronavirus
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118535
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Fri Aug 21, 2020 9:30 am

vested

The toughest quarter

1H20 value of new business (VONB) fell 38% yoy, materially lower than both our and consensus forecasts, with 2Q20 VONB down 49% yoy.

HK and Malaysia were the weakest markets in 1H20, with their VONB down 68% and 38% yoy respectively.

AIA guides for ‘strong positive VONB momentum’ ahead, as it recovers from the lows of Mar/Apr/May, with a much better performance in Jun and Jul.

We reiterate our Add rating, but cut our TP to HK$81 as we lower our FY20F22F VONB estimates by 1.6-15.6%.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... AAB3C90589
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118535
Joined: Wed May 07, 2008 9:28 am

Re: AIA Group 1299

Postby winston » Fri Aug 21, 2020 12:09 pm

vested

AIA Group Ltd (1299 HK) - Staying focused on its growth plans

AIA is the largest independent listed pan-Asian insurance provider with presence in 18 markets and offering a diversified products range including life, accident, health insurance and retirement savings plans).

2019 value of new business breakdown:
1. Hong Kong 37% (vs 2018’s 41%)
2. China 26% (vs 2018’s 23%)
3. Thailand 11% (flat)
4. Singapore 8% (vs 2018’s 9%)
5. Malaysia 6% (flat)
6. Others 12% (vs 2018’s 10%).

We view AIA as a beneficiary of the rise of Asia’s middle class (particularly China) with growing protection and wealth accumulation needs.

Prudent management, strong execution and well-trained agents, drive sustainable new business growth and margin expansion from higher margin products.

Although low rates and potential uncertainties in HK is expected to weigh on group performance this year, its longer term structural drivers of China expansion & Asia middle income exposure remain intact. BUY.

Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118535
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to A to B

Who is online

Users browsing this forum: No registered users and 11 guests